my elliot wave analysis on GBPUSD shows that the price will going to make a new wave direction. this is because of the elliot c wave of the 3 wave was completely formed.
other than that, the morning star candlestick formation on the 240 chart will make a great confluence on the decision.there are also some rejection show by the previous candle on the support area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.